By Alexander Villegas and Natalia A. Ramos Miranda SANTIAGO – Chile’s sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but… By Caroline Valetkevitch and Alun John NEW YORK/LONDON – Sterling jumped against the dollar on Monday after Britain reversed a plan to cut the highest rate of income… Government markets faltered on Tuesday after Chancellor of the Exchequer Kwasi Kwarteng insisted that he won’t present a more… By Yasin Ebrahim Investing.com — The dollar suffered a bruising encounter Tuesday, but its swing lower may come to an abrupt end in the coming days as Friday’s U.S. monthly jobs… By Yousef Saba DUBAI – The Middle East and North Africa are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping…
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- By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Pressure on Indonesia’s rupiah is expected to be temporary, a senior Bank Indonesia official said on Thursday,…
- The New Zealand Dollar gained some traction after the Reserve Bank of New Zealand delivered a 50-basis point rate hike, which was in line with market expectations.
- Millionaire banker who is married to Bachelor reality TV star turns down offers of $2M after…
By Tetsushi Kajimoto TOKYO -Japan stands ready to take «decisive» steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki… Stay up-to-date on breaking as well as relevant financial developments. The Institute for Supply Management released a report on Wednesday showing a modest slowdown in the pace of growth in U.S. service sector activity in the month of September. The ISM said its services PMI edged down to 56.7 in September from 56.9 in August, although a reading above 50 still indicates growth in the sector. Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking… Shorting the pound is a strategy that makes profit if the price of the British pound falls.
Markets
The only requirement now is sustenance from the big crypto or another leg-up. Gold trades deep in negative territory slightly above $1,700 during the American session on Wednesday. The benchmark 10-year US Treasury bond yield is up nearly 4% on the day above 3.7% after the US data, forcing XAU/USD to stay under bearish pressure. Rebekah Vardy Forex news will have to pay around £1.5m to Coleen Rooney in legal fees after losing yet another stage in the Wagatha Christie libel trial. The high court on Tuesday decided that Vardy must pay 90% of Rooneys court costs, a larger proportion than in many equivalent cases. The judge imposed the punitive charge partly because Vardy deliberately …
By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Friday as sterling and the euro stabilized near one-week highs, helped by intervention by the… By Sinéad Carew NEW YORK – The dollar rose against the euro on Friday but pared gains late in a session that was muddied by quarter-end trading while riskier… By Leika Kihara and Tetsushi Kajimoto TOKYO – Japan spent up to a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up… By Peter Nurse Investing.com – The U.S. dollar retreated in early European DotBig company trading Tuesday with risk sentiment on the rise, while sterling retained its recent gains after the U.K…. New Zealand central bank raised its key interest rate by 50 basis points for the fifth straight meeting and signaled more tightening going forward. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to lift the Official Cash Rate to 3.50 percent from 3.00 percent. With the value of imports showing a notable decrease, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed by more than expected in the month of August.
Weekly Currency Forecast
By Lisa Pauline Mattackal and Medha Singh – A new NFT trading craze where names are bought and sold for eye-popping sums is providing a multi-million-dollar lifeline for… By Geoffrey Smith Investing.com — The dollar steadied and pushed higher in early dealings in Europe on Wednesday, after senior Federal Reserve officials played down suggestions of…
I’ll bookmark this post and show it to you AFTER the FED raises rates to 4.5%. Nothing in this report to give credence that Fed need pause current policy to claw back the covid QE extremes it deployed. Millionaire banker who is married to Bachelor reality TV star turns down offers of $2M after… Breaking news is defined as new information that has market-moving potential. GAIN Global Markets Inc. is part of the GAIN Capital https://www.techspotty.com/dotbig-for-cryptocurrency-trading/ Holdings, Inc. group of companies, which has its principal place of business at 30 Independence Blvd, Suite 300 , Warren, NJ 07059, USA. FOREX.com may, from time to time, offer payment processing services with respect to card deposits through StoneX Financial Ltd, Moor House First Floor, 120 London Wall, London, EC2Y 5ET. I’d like to view FOREX.com’s products and services that are most suitable to meet my trading needs.